Take a look at this paper[1] for actual data on different cities respond to demand (table VI). Bay Area cities are all in the top 10 of least elastic, but there

Take a look at this paper[1] for actual data on different cities respond to demand (table VI). Bay Area cities are all in the top 10 of least elastic, but there are a number of other cities with a similar level (the authors specifically call out NYC, Boston, and LA as examples of low elasticities translating into higher prices). [1] http://www.brown.edu/Departments/Economics/Faculty/Matthew_Turner/ec2410/readings/Saiz_QJE_2010.pdf http://www.brown.edu/Departments/Economics/Faculty/Matthew_T...